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3 July 2024 | 54 replies
columbus, Cleveland has 111k average home value. one growing county. columbus has 10. look at multiple strategies. new construction multifamily and single family is what we do all sizes.
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29 June 2024 | 11 replies
none of them. get closer to a capital market and major city within 30 miles. all of these are too far. look at homestead or north of palm beach county, closer to tampa, etc not an hour away these are over delivered and new builds from tract builders are selling for less than 200 per sq ft right now in some of these markets rents have softened. there's no jobs or macro city that's driving these areas. these are softer markets for BTR than other ones. get more involved and directly contract with builders. miami dade county, even Orlando has better
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3 July 2024 | 9 replies
For example, things like tools or building materials that I buy specifically for repairs on these units.
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2 July 2024 | 3 replies
.- Build Trust: Establish rapport with the seller for ongoing communication.- Be Clear: Define all terms clearly in the agreement.Mistakes to Avoid:- Incomplete Due Diligence: Conduct thorough inspections and financial analysis.- Unclear Documentation: Ensure agreements are well-drafted to prevent misunderstandings.- Market Trends: Consider future market impacts on property value and income potential.
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2 July 2024 | 0 replies
The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.
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2 July 2024 | 73 replies
For hacks I'd say get good pictures, get good business partners (cleaning, prop. mgmt. etc) and build your business infrastructure with scaling in mind from the very beginning.
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27 June 2024 | 11 replies
Does anyone have experience in Sheriff sales for properties located in DuPage County?
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1 July 2024 | 12 replies
Hey @Don Konipol, so I am guessing that most municipalities/counties/states have 30 days as the beginning of a long term rental where tenants rights come into play.Some states it is 28 days but most states it is 30 days.
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1 July 2024 | 0 replies
Purchased vacant lot and build single family home with 4 bedrooms and 3 baths.
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29 June 2024 | 13 replies
I was also looking at the outskirts of San Bernadino County, like Joshua Tree or 29 Palm.